The African Development Bank has suggested a plan to South Africa that will help the nation use the $8.5 billion in climate financing pledged by some of the world’s richest nations to raise even more funds.
The AfDB has recommended that South Africa park the funds in a special purpose vehicle, SPV.
For more information, please see https://businesstech.co.za/news/energy/627870/african-development-bank-offers-south-africa-financing-deal-to-raise-41-billion/
